Calling the guidance “overly broad in scope,” the federal bank deposit insurer on Friday rescinded a 2023 Financial Institution Letter (FIL) describing its supervisory approach to multiple nonsufficient funds (NSF) fees that occur when the […]
A four-slide presentation related to Thursday’s National Credit Union Administration (NCUA) Board meeting shows the agency expects its deregulation project – which recently announced a ninth “phase” – to continue to late 2026 or early […]
The Federal Reserve Board proposes to permit U.S. banks and credit unions to use intermediaries to transfer funds through the FedNow Service, the board announced. In a release, the Fed said the measure, which would […]
Providing an “appropriately tailored regime to mitigate potential illicit finance risks” with the use of payment stablecoins — while promoting “innovation” in the digital vehicles — is the aim of a proposed rule issued Wednesday […]
A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday […]
A proposed rule that addresses the applicability of pass-through insurance for stablecoins and tokenized deposits was issued for comment Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the proposed […]
A final rule to eliminate the use of reputation risk from programs for bank supervision was issued jointly Tuesday by two federal prudential banking regulators. The Federal Deposit Insurance Corp. (FDIC) – which approved the […]
Eligibility for credit union membership through an associational group would not be automatically denied solely because members of the group did not purchase a product or service of the institution under a proposal issued Tuesday […]
A final rule on banning use of reputation risk by itself as a regulator and a stablecoins proposed rule and is on the agenda for the board of the federal bank deposit insurance regulator for […]
A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for […]
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